January 02, 2018

CFPB seeks renewal of 'Studies of Consumers' information collection

The Consumer Financial Protection Bureau is requesting to renew, without change, the Office of Management and Budget approval for an existing information collection entitled "Generic Information Collection Plan for Studies of Consumers using Controlled Trials in Field and Economic Laboratory Settings." According to the CFPB's notice, the Bureau is seeking to renew the OMB approval for a generic information collection plan to collect data from purposive samples through controlled trials in field and economic laboratory settings. The research will be used for developmental and informative purposes to increase the Bureau's understanding of consumer credit markets and household financial decision-making.

On Oct. 3, 2017, the Bureau issued a 60-day notice in 82 Federal Register 46042 requesting comments on the proposed renewal. Written comments on the current notice must be received by Jan. 29, 2018, and will be reviewed by the OMB as part of its review of this request.